Wednesday, December 07, 2011

Stock | GCI closes up 5% after UBS conference

[Updated at 4:26 p.m. ET.] Gannett's stock closed today at $13.57, up 64 cents, or 5%, as investors reacted to management's presentation this morning to the UBS Global Media and Communications Conference. Shares traded as high as $14.47 earlier in the day.

The Dow Jones Industrial Average and the S&P 500 index, a broader measure of overall market activity, both ended up less than 1%.

The headline out of the event appears to be news of a 5.5% publishing advertising revenue decline in the current quarter. In other words: Could have been worse.

1 comment:

  1. I'll take it. Best news in a long time.


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